Chesapeake, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW CHESAPEAKE MEN FOR PROGRESS EDUCATION FOUNDATION, founded in 2010, is a micro nonprofit in the Education sector that reported $29K in total revenue in fiscal year 2020. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12K, a strong 39% operating margin.
We are playing a major role in influencing the education of black male youth through a variety of programs. Both scholarships and mentoring services are provided to black male youth at the elementary and secondary levels as well as providing school supplies to students who cannot afford them. We also assist with adult services and programs such as jail ministry, parent education seminars and financial empowerment seminars assist adults in improving their understanding of issues affecting their well-being.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $117,834 | $71,799 | +0.6% |
| Expenses | $99,936 | $37,789 | +1.6% |
| Net Income | $17,898 | $34,010 | -0.5% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| William Clayton Bennet | Director | 1 |
Director
|
$0 | $0 | $0 |
| Edward R Hicks | Director | 1 |
Director
|
$0 | $0 | $0 |
| Herman Ward | Director | 1 |
Director
|
$0 | $0 | $0 |
| Ernest Lowery | Director | 1 |
Director
|
$0 | $0 | $0 |
| Micah Hall | Director | 1 |
Director
|
$0 | $0 | $0 |
| Alvetta Alexander | President | 5 |
Officer
|
$0 | $0 | $0 |
| David Hamilton | Vice President | 5 |
Officer
|
$0 | $0 | $0 |
| Donald D Larrimore | Financial Secretary | 5 |
Officer
|
$0 | $0 | $0 |
| George Reed | Secretary | 5 |
Officer
|
$0 | $0 | $0 |
| DUANE MCNAIR JR | Treasurer | 5 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $117,834 | $99,936 | $182,938 | $17,898 |
| 2022 | $71,799 | $37,789 | $161,041 | $34,010 |
| 2021 | $22,170 | $19,563 | $127,031 | $2,607 |
| 2020 | $29,464 | $17,946 | $124,424 | $11,518 |
Compare NEW CHESAPEAKE MEN FOR PROGRESS EDUCATION FOUNDATION with other nonprofits in Virginia and across the country.